Thailand Trade

Thailand: Trade surplus falls in June

July 31, 2015

In June, the trade balance recorded a USD 0.2 billion surplus, which was below both the USD 1.7 billion surplus observed in the same month last year and the record USD 2.4 billion surplus seen in the previous month. The 12-month moving sum of trade recorded a USD 3.2 billion surplus in June, which followed the USD 4.7 billion surplus seen in the previous month.

Exports in June dropped 7.9% over the same month last year, which was a deterioration over the 5.0% decrease seen in the previous month. Moreover, June’s result marked the largest contraction since November 2011. Imports fell 0.2% year-on-year, which was a notable improvement from the 20.0% drop seen in May.

Thailand’s external sector recorded a USD 280 million deficit in December, significantly below the USD 1 billion surplus registered in the same month of the previous year and markedly below the USD 1.8 billion surplus logged in November.